GMR Airports Infrastructure to acquire 10% stake in DIAL on Sep 11

GMR Airports Infrastructure

GMR Airports Infrastructure, a leading global airport platform company with over two decades of experience in designing, constructing, and operating world-class sustainable airports, acquires 10% equity stake in Delhi International Airport Limited (DIAL).

The Company informs the exchange on Sep 10, share price increased by 2% to Rs. 92.67/-.

GMR Airports Infrastructure has entered into a share purchase agreement with Fraport AG Services to acquire 10% stake in DIAL. The said acquisition would be for a negotiated aggregate consideration of USD 126 million worth 1,058 crores.

After this agreement GMR Airports holding in DIAL would increase from 64% to 74%. Airports Authority of India (AAI) continues to holds 26% equity stake of
DIAL.

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About GMR Airports Infrastructure Limited (https://www.gmrgroup.in/#our-journey/slide14)

GMR Airports Infrastructure Limited (GIL), is a leading global airport platform company with over two decades of experience in designing, constructing, and operating world-class sustainable airports, as well as pioneering aviation solutions in retail, aero services, and real estate. Groupe ADP joined the journey in 2020 as a strategic partner and is now a co-promoter in GIL.

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